Life Sciences Insurance
Some of the most life-changing healthcare breakthroughs and modern medical miracles happen in laboratories. These well-equipped testing and research and development centres work to produce new drug therapies, medical equipment, and treatments or procedures to keep Canadians healthy. As well, to achieve cures or a better quality of life for those battling a critical illness.
Pharmaceutical companies and laboratories are no strangers to the risk of healthcare and life sciences research. Chief among these are clinical trials, wherein qualified individuals are administered certain drugs or treatments before these are prescribed to the general public. Running successful trials requires protection from interruptions to your life-saving innovation.
If you’re just beginning your start-up, a basic Commercial General Liability policy will most likely work for you. This meets the needs of your landlord and also covers you while attending trade shows. But once your ideas start gaining traction and you’re in trials or signing up clients, it’s time for more specialized coverage.